Ola’s dream to put a million electric vehicles on road by 2021 may translate into reality as one of the early investors Ratan Tata is now backing the ride-hailing’s electric wing.
The undisclosed investment is part of Ola Electric Mobility’s ongoing series A round. In March, it raised Rs 400 crore from Tiger Global and Matrix India. Ever since its announcement, Ola Electric has been raising capital to develop e-mobility ecosystem, which is indeed a good sign. (Source)